Article

Cyient DLM Limited reported a 31.7% year-on-year decline in Q3FY26 revenue, totaling Rs 3,033 million, largely due to the completion of a significant defense order and shipment delays. Despite this, the company boasts a record order backlog of Rs 23.5 billion and a year-to-date book-to-bill ratio of 1.56x, with EBITDA improving to Rs 275 million. Looking ahead, Cyient DLM anticipates revenue recovery and enhanced EBITDA margins by FY28 as it diversifies its revenue sources.